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Why is it so hard to tax billionaires? (Part 2)
PJ Vogt
And I'm also moved by this idea she has that a new tax could be distortive, meaning taxing something we've never taxed before could have social consequences beyond what we imagine, some of which we might not like. Alison does have some other competing ideas for ways to get more tax revenue from the wealthy, which brings us to solution two, get rid of step-up in basis.
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